This chemical is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of various pharmaceutical compounds. Its structure makes it valuable for constructing more complex molecules, particularly those with potential therapeutic applications. It is often employed in the development of drugs targeting specific biological pathways, such as enzyme inhibitors or receptor modulators. Additionally, it can be used in research settings to study chemical reactions and mechanisms, aiding in the discovery of new medicinal agents. Its versatility and reactivity make it a useful component in the synthesis of diverse chemical entities.